The House of Representatives, on Wednesday, approved a budget of N633, 393, 283, 000 for the Nigerian Communications Commission (NCC) for the 2022 financial year.
The budget is for the proposed capital expenditure, special projects and other costs of the commission during the fiscal year 2022.
This followed the consideration and adoption of the report of the committee on telecommunications on the issue from the Statutory Revenue Fund of the commission, by the House during plenary.
Chairman of the Committee on Telecommunications, Hon Akeem Adeniyi Adeyemi, while presenting the report said that out of the total sum, N86,242,952, 000 was for recurrent expenditure; N30,336,144, 000 for capital expenditure; N42,445,864,000 for special projects; andN7,500,000 was for transfer to the Universal Service Provision Fund (USPF).
According to him, N466, 868, 323, 000 would be transferred to the Federal Government of Nigeria, while N8,824,847,408 was for the budget of the Universal Service Provision Fund (USPF) for the period ending on December 31, 2022.
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